Coal India - Cup and handle pattern1. Coal India has formed cup and handle pattern in weekly TF
2. Increase in volume activity since November 2020
3. Similar increase in volume and price in other PSU stocks
Levels are mentioned in the chart
Adjust stop loss as per your risk appetite
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COALINDIA
Coal India BreakoutCoal India has given multiple breakouts. We can see a trendline, falling channel, horizontal, inverted head and shoulder breakout on weekly charts. Weekly close above 145 can lead it to much higher levels. 1st target would be around 175 odd levels, second target 200 odd and final target of 225 odd levels can be seen. Negation below 123 weekly close.
Live Challenging Signal BUY COAL INDIA @ 133.30Live Challenging Signal BUY COAL INDIA @ 133.30
Signal Specification
Pair: COAL INDIA
Entry Type: Buy
Entry: 133.20
Tp: 148.15
Sl: 130.60
R/R: 5.5
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4. Risk vs Reward up to 1:7.
Note:
Trade signals would usually have a risk to reward ratio of 1:2.
It means that even 2 out of 4 signals hits their SL marks, the other two would have closed with profit.
This allows you to be good in overall pips profit.
Signals are usually inter-day (Based on the daily candle) therefore, trades would usually have a holding time of an average minimum of 24 hours.
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Forex Tamil
Coal India - Change in MS. Seems Bullish! Things to Note:
1. Price is moving out of a long term downtrend
2. Change in MS - Printing HH & HL
3. Price in correcting after the first impulsive move
4. Nearest support zone lies at 127-129
5. Possible targets: 140, 145
P.S: This is NOT investment advice. This chart is meant for learning purposes only and is a part of my personal journal. Invest your capital at your own risk.
Coal India: Channel Trade potentialCoal India
Closing Price 129
Observation
- Stock is trading in a blue channel
- currently at lower end of the channel
- we observe a Bullish Harami candlestick pattern at lower end of the channel
- convergence of 50 day EMA and 200 day EMA around 140
- 136-142 is a crucial band for the stock
- important for the stock to give a weekly close above the red dash trendline to increase the probability of up movement
View
Target for the current set up:-
Short term 136 / 142
Medium term 160
Long term 196-220
Stop Loss
Short term Close below 125
Medium term Weekly Close below 119
At current levels, and based on the other technical indicators and pattern, the stock provides a good risk::reward ratio to go long
F&O strategy
Sell 29 April 2021 125 Put option
Buy 29 April 2021 120 Put option
The strategy provides roughly 13% of reward potential on Margin requirement till 29 April 2021
Take care & safe trading...!!!
Disclaimer :
- The view expressed here is my personal view
- Past performance is not a guarantee for future predictions
- Use this for educational purpose
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- Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance
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Coal India - Quality Stock at Very Attractive Price. Coal India:
Currently, it is mildly bearish.
It is a quality NIFTY50 stock and currently trading at very discounted and attractive price.
I see, it will retrace soon and reach the targets in 1-3 months time.
Good for short term and for long term investment.
**Disclaimer: I am not a SEBI registered consultant/Advisor. It is completely my view and opinion. My intention is not to provide any financial advice, training advice, or any type of advices or any recommendations on stock buying or selling. Please do your own research and consult with your financial advisor before taking any action. I am not responsible for any of your action on buying or selling or holding the above mentioned stock.
#coalIndia -accumulation ?Some people like to accumulate this specific stock after every dip, this time they can be rewarded for accumulating and having patience.
Now you call this HNS pattern, rounding bottom or cup and handle pattern, my analysis are never based on perfect textbook patterns.
Looking at the chart, if the scrip holds above 135, there is high probability that it will move towards the neckline and form the reversal pattern. After break of the neckline can push further up towards 180 and 214 levels.
Remember, only sustaining above 135 look for buy.
Also did you see my previous coal India idea? Link below.
Do give a like and comment if you love my ideas and my work........mitronnnn! :)
BuyRange is contracting near the previous bottom. Price entered within the range twice but couldn't sustain and the bounced with minor volume. Volume has fallen gradually in last 8-12 sessions. RSI has bounced from the oversold position. Buy with SL below 123.80 for target of 172-180
I am overall bearish on this counter but this short-term bounce can't be rusled out.
Disc : it's not an investment advice to buy or sell
#ARROWGREEN CMP 70.65 Target 170++ Invest and forget for a weeks#ARROWGREEN
CMP 70.65
Target 110 // 130 // 170++ More than double.
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NSE: ARROWGREEN
Super Bullish on this stock.
From Rachit Sethia with 💚